News Archives for Print - 2020-01-01

Print - 2020-01-01

Cotton & Textile

African countries to benefit from PU clean cotton technology

Punjab University has signed an agreement with an African company for the seed business and technical cooperation on the use of Centre of Excellence in Molecular Biology (CEMB)-patented transgenic for development, seed production and marketing of transgen

Published 01 Jan, 2020 12:00am

Social media: Punjab Assembly demands government block blasphemous material

The Punjab Assembly on Tuesday unanimously passed a resolution against those making blasphemous remarks in the name of freedom of expression. The resolution was submitted by provincial minister Ammar Yasir. It demanded that steps should be taken to block

Published 01 Jan, 2020 12:00am

UAE Crown Prince may arrive tomorrow

United Arab Emirates (UAE) Crown Prince Mohammed bin Zayed Al Nahyan is likely to arrive here Thursday, diplomatic sources said. The sources said that the visiting dignitary will meet top leadership including President, Prime Minister and the army chief t

Published 01 Jan, 2020 12:00am

Taxes

FBR collects Rs 2.08 trillion in H1

Federal Board of Revenue (FBR) Chairman Shabbar Zaidi Tuesday said the FBR has collected Rs 2,080 billion for the half year ended December 31, 2019. This is higher by 16 percent over last year for the same period.

Published 01 Jan, 2020 12:00am

Macroeconomy: The way forward

The current macro economic situation needs to be analysed in its historical context. From 1950 to 1990 Pakistan was among the fastest growing economies in the developing world. This achievement was remarkable because Pakistan had inherited an economy with

Published 01 Jan, 2020 12:00am

Electricity purchase from Iran: Millions of Euros to be paid to three Pakistani companies as barter

Pakistan is to pay millions of Euros to three Pakistani companies in equivalent Pak Rupees as barter against electricity purchase from Iran, well informed sources in Commerce Ministry told Business Recorder.

Published 01 Jan, 2020 12:00am

FATF challenge: SBP speeds up action plan

In order to further align Anti Money Laundering (AML) and Combating of Financing of Terrorism (CFT) Regulations with the Financial Action Task Force (FATF) recommendations, the State Bank of Pakistan (SBP) has amended various regulations for financial ins

Published 01 Jan, 2020 12:00am

Import compression causing Rs 56 billion monthly tax effect

Rs 56 billion monthly tax effect due to import compression, if continues, may worsen budget deficit, sources in the Finance Ministry said on condition of anonymity.

Published 01 Jan, 2020 12:00am

Stocks

PSX ends year on negative note: BRIndex100 stays depressed

Pakistan Stock Exchange ended on a negative note on the last trading day of the calendar year 2019 Tuesday due to selling pressure in the rollover week.

Published 01 Jan, 2020 12:00am

Government touts 'pro-business' NAB law

Special Assistant to Prime Minister (SAPM) on Information and Broadcasting, Dr Firdous Ashiq Awan Tuesday said that the government will not bypass the due process to implement the newly promulgated National Accountability Bureau (Amendment) Ordinance 2019

Published 01 Jan, 2020 12:00am

July-September 2016 to January-March 2019: Nepra increases KE's tariff by 38 percent

National Electric Power Regulatory Authority (Nepra) has increased K-Electric's (KE's) tariff by 38 per cent or Rs 4.87 per unit to Rs 17.69 from Rs 12.82 per unit across the board for 11 quarters from Jul-Sep 2016 to Jan-Mar 2019 under quarterly adjustme

Published 01 Jan, 2020 12:00am

Petrol price up by Rs 2.61/litre

The government on Tuesday increased the price of petrol by Rs 2.61 per litre and High Speed Diesel (HSD) by Rs 2.25 per litre High Speed Diesel (HSD) for the month of January, 2020.

Published 01 Jan, 2020 12:00am

Effective from today: Import of 6,786 items from China exempted from duty

The Federal Board of Revenue (FBR) has granted concessionary rate of customs duty or zero percent duty on the import of 6,786 items from China with effect from January 1, 2020. The FBR has issued SRO 1640(I)/2019 here on Tuesday in supersession of notific

Published 01 Jan, 2020 12:00am

PIA board restrained from carrying out functions

Sindh High Court (SHC) has restrained the Board of Pakistan International Airlines (PIA) from carrying out any functions while hearing a petition, seeking to declare the appointment of Air Marshall Arshad Mehmood Malik as Chief Executive Officer (CEP) of

Published 01 Jan, 2020 12:00am

Letters

'Go to Pakistan'

Well, the Sangh Parivar was going to keep its Hindu rashtra project a secret, but a police official has clearly revealed or exposed its designs. In other words, the cat is out of the bag now. According to media reports, a senior police officer in India's

Published 01 Jan, 2020 12:00am

Articles

While the sun shines over our banking horizon

Amid much being pondered from customer care to customer nightmare in our banking sector, a ray of hope envisions and emanates towards customer-friendly and mutually rewarding bank reforms for a change. It is basically a question of slow and gradual transf

Published 01 Jan, 2020 12:00am

Articles

Sense and sensibility

Events of the past few weeks are of great legal and political importance. In an unprecedented trial former president General Musharraf was convicted in treason trial by a special court. Similarly, the Supreme Court intervened in a hitherto prohibited of d

Updated 01 Jan, 2020 08:17am

Articles

Tabdili? What Tabdili?

The Prime Minister is the only change that seems to have happened to Pakistan since the advent of the PTI government which came in riding Imran Khan's catchy slogan of 'Tabdili'. Everything else, from governance to economy, politics, foreign affairs, soci

Published 01 Jan, 2020 12:00am

The matter of ECP appointments

Delaying important decisions and making them difficult, hence controversial, is becoming the hallmark of the incumbent government. A case in point is appointments to the Election Commission of Pakistan (ECP). The scheduled meeting of the parliamentary bod

Updated 02 Jan, 2020 06:44am

2019: A tough year it was indeed

Prime Minister Imran Khan repeated his narrative yet again while addressing an 87-member delegation from Balochistan participating in a national security workshop: the country has achieved economic stability after a staff level agreement was reached with

Updated 02 Jan, 2020 07:01am

Sindh Rangers arrest 14 suspects in Karachi

Sindh Rangers on Tuesday claimed to have arrested 14 suspects during raids conducted at different areas of Karachi. The raids were conducted in metropolis' areas of Bahadurabad, Paposh and other areas by the paramilitary forces. According to the Sindh Ran

Published 01 Jan, 2020 12:00am

Pak, US trade set new record of $6.6 billion in 2018: US embassy

The US embassy has said that Pakistan and the United States set a new record of $6.6 billion in bilateral trade in 2018.

Published 01 Jan, 2020 12:00am

19 organisations from Pakistan get GDIB awards

Diversity Hub-HR Metrics organized 2020 GDIB Awards and declared 19 organisations from Pakistan as winners on Tuesday.

Published 01 Jan, 2020 12:00am

Gold price up

Gold posted a mammoth increase of Rs 20,600 per tola to Rs 88,400 during 2019 comparing to its value of 67,800 per tola in 2018 on the local market, traders said on the eve of 2020.

Published 01 Jan, 2020 12:00am

NA panel approves CPEC Authority Bill

The National Assembly Standing Committee on Planning, Development and Reform has approved the "China-Pakistan Economic Corridor Authority (CPEC) Bill, 2019."

Published 01 Jan, 2020 12:00am

Zubair blames PTI government for ruining economy

Pakistan Muslim League-Nawaz (PML-N) leader and former Sindh Governor Mohammad Zubair has said that economic policies of the government have ruined the country's economy. Addressing a press conference here on Tuesday, he said that high inflation and unemp

Published 01 Jan, 2020 12:00am

Sugarcane crushing crisis deepens in Punjab

The sugarcane crushing crisis in Punjab is becoming deeper as 26 sugar mills which halted crushing due to higher price of sugarcane and lower rate of sugar have shown inability to restart crushing, well informed sources told Business Recorder. "The

Published 01 Jan, 2020 12:00am

IHC sets 15 days deadline for appointing ECP's CEC, two members

The Islamabad High Court (IHC) on Tuesday granted 15 more days for the appointment of chief election commissioner (CEC) and two members of Election Commission of Pakistan (ECP). A single bench of IHC comprising Chief Justice Athar Minallah heard three pet

Published 01 Jan, 2020 12:00am

Taxes

MCC Gwadar collects Rs 11 billion in 1HFY19-20

The Model Customs Collectorate (MCC) Gwadar collected Rs 11 billion during the first half of FY19-20. MCC Gwadar collected customs duty worth Rs 5.80 billion during the first half.

Published 01 Jan, 2020 12:00am

Stocks

PSX up 10 percent in CY19 in terms of PKR

Pakistan Stock Exchange witnessed a positive trend as the KSE-100 Index recorded an increase of 10 percent during calendar year 2019 in PKR terms.

Published 01 Jan, 2020 12:00am

Import of wood & timber: APTTA demands abolishment of 2 percent ACD

The APTTA demands abolishment of ACD (Additional Customs Duty) of 2 percent on the import of wood & timber falling u/r 44.01 to 44.07 of Pakistan Customs Tariff.

Published 01 Jan, 2020 12:00am

Masood calls for evolve existing labour laws

Former Federal Finance Secretary Dr Waqar Masood has underscored the need for redefining the existing labour laws in perspective of global market economy. In his keynote speech at a conference here on Tuesday, Masood said that major challenge for the work

Published 01 Jan, 2020 12:00am

Government urged to evolve comprehensive strategy for agriculture sector

Secretary General (Federal) of the Businessmen Panel (BMP), Ahmad Jawad has said the government should make a devisable strategy and provide due subsidies to uplift agriculture sector in 2020 so that our country GDP may increase.

Published 01 Jan, 2020 12:00am

Sparc holds consultation

The Society for the Protection of Rights of the Child (Sparc) in consultation with the Sindh Prisons Department held a consultation on the Economic Rehabilitation and Reintegration Support to Young People in Prisons on Tuesday.

Published 01 Jan, 2020 12:00am

SHC orders Sindh government to continue to take combative steps against locusts attack

Sindh High Court (SHC) has ordered Sindh Government and provincial agriculture department to continue combat measures against locusts attack in Sindh. A division bench of the SHC comprised of Justice Muhammad Ali Mazhar and Justice Agha Faisal issued thes

Published 01 Jan, 2020 12:00am

FPCCI polls results announced

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has officially announced annual election result held on December 27, 2019. According to official results Businessmen Panel (BMP) Group candidate Anjum Nisar got 186 votes and declared electe

Published 01 Jan, 2020 12:00am

Money & Banking

SBP director

Dr Mian Farooq Haq has assumed the charge of Director, Infrastructure, Housing & SME Finance Department (IH&SMEFD), State Bank of Pakistan, with effect from December 27, 2019.

Published 01 Jan, 2020 12:00am

Karachi to experience gusty weather in next 24 hours

The city's weather is expected to turn gusty in the next 24 hours with a minimum temperature ranging up to 9 degrees Celsius, the Met Office forecast on Tuesday. It said that the metropolis weather is likely to remain cold and dry as well on Wednesday. Mi

Published 01 Jan, 2020 12:00am

Azhar Abbas elected AEMEND president

Senior professionals from broadcast media met in Islamabad on Saturday and formed a 16-member executive Committee to run affairs of the newly-established Association of Electronic Media Editors and News Directors (AEMEND).

Published 01 Jan, 2020 12:00am

Telecommunication

Number of 3G, 4G users reaches 74.33 million by end-November

The number of 3G and 4G users in Pakistan reached 74.33 million by end-November compared to 73.26 million by end-October, said Pakistan Telecommunication Authority (PTA). Number of mobile phone users in Pakistan reached 164.027 million by end-November com

Updated 01 Jan, 2020 10:57pm

Pak-China FTA to be fully operational from today

The China Pakistan Free Trade Agreement (CPFTA) will be fully operational from January 1, 2020 (today). Both countries had started negotiations on FTA-II during PML(N) government as the then Commerce Minister Engineer Khurram Dastgir Khan maintained that

Published 01 Jan, 2020 12:00am

'Pakistan's amusement industry thrives'

The year 2019 was a successful year for the amusement industry in Pakistan as the industry saw a huge increase in the development of multiple amusement activities. Inamullah Abdullah, COO of A A Joyland (Pvt) Ltd says that the industry with Rs20 billion a

Published 01 Jan, 2020 12:00am

Telecommunication

PTA plans to procure automated QoS monitoring tool

Pakistan Telecommunication Authority (PTA) has planned to procure automated quality of service (QoS) monitoring and benchmarking tool which would also have support measuring audio and video services, including live streaming as well as social media, inclu

Updated 01 Jan, 2020 11:04pm

Experts underscore need for investment in agriculture research

As many as 25 researchers from Pakistan Agriculture Research Islamabad, PMAS, Arid Agriculture University, Rawalpindi, Sindh Agriculture University Tandojam, University of Poonch, Rawalakot, AJK, Islamia University of Bahawalpur, Department of Agriculture

Published 01 Jan, 2020 12:00am

On the eve of New Year: security put on high alert in Capital

Islamabad police placed security on high alert on the eve of New Year in order to avert any untoward incident and maintain peace and tranquility in the city. The Islamabad Capital Territory (ICT) administration imposed section 144 in the city for two days

Published 01 Jan, 2020 12:00am

Massive cut in HEC budgetary allocation: Senate body summons secretaries with relevant record

Expressing serious reservations over massive cut in Higher Education Commission (HEC) budgetary allocation for year 2019-20, the Senate Functional Committee on Problems of Less Developed Areas Tuesday summoned the federal secretaries of education and fina

Published 01 Jan, 2020 12:00am

KBP plans protest against closure of sugar mills

The Kissan Board Pakistan (KBP) has announced to protest against closure of sugar mills saying it has posed serious threats to farmers and sugarcane crop as well. The KBP alleged that the sugar mills mafia is not interested in buying cane on government ra

Published 01 Jan, 2020 12:00am

Money & Banking

Khushali Microfinance Bank: PMIC closes first financial advisory mandate

Pakistan Microfinance Investment Company Limited (PMIC) is a wholesale finance entity and an important pillar of National Financial Inclusion Strategy of Pakistan. It focuses on promoting poverty alleviation initiatives through partner institutions and im

Published 01 Jan, 2020 12:00am

Buzdar boasts of doing record legislation in short span

Chief Minister Punjab Sardar Usman Buzdar on Tuesday said the Punjab Assembly has made record legislation in a short span of time while the government is committed to serve the masses wholeheartedly. Talking to different MPAs, here on Tuesday, the CM said

Published 01 Jan, 2020 12:00am

Cotton & Textile

MAGIC Show in US: PRGMEA concerned at discontinuation of Pakistan Pavilion

The Pakistan Readymade Garments Manufacturers and Exporters Association, expressing its serious concern over the discontinuation of Pakistan Pavilion at MAGIC Show in the United States, has asked the Trade Development Authority of Pakistan to continue its

Published 01 Jan, 2020 12:00am

Money & Banking

HabibMetro Bank holds awareness session on money laundering

Habib Metropolitan Bank conducted customer outreach awareness sessions on money laundering and terrorism financing at local hotels in Karachi, Islamabad, Lahore and Peshawar. A senior official from the State Bank of Pakistan was also present at two of the

Published 01 Jan, 2020 12:00am

LCCI condemns Indian aggression at LoC

The Lahore Chamber of Commerce and Industry has strongly condemned Indian aggression on the Line of Control (LoC) and urged the government to take up the issue with the international community.

Published 01 Jan, 2020 12:00am

Regional peace not possible without IoK's freedom: Sarwar

Punjab Governor Chaudhry Mohammad Sarwar on Tuesday said the dream of regional peace cannot come true without freedom of occupied Kashmir. "In Shaallah, the year 2020 will prove to be year of development, peace, stability and prosperity for Pakistan; the

Published 01 Jan, 2020 12:00am

Money & Banking

UBL wins PSX's 'Top Companies of the Year' Award

UBL has become the only bank to win the Pakistan Stock Exchange (PSX) "Top Companies of the Year" Award for three consecutive years (2016-18). The awards for the three years, were presented at a ceremony held in Karachi recently. Prime Minister Imran Khan

Published 01 Jan, 2020 12:00am

'Furniture city' to be set up in Faisalabad: minister

Provincial Minister for Trade & Industries Mian Aslam Iqbal said that Furniture City in being set up on an area of 200 acres in Faisalabad Industrial Estate. The Minister stated this while speaking to the furniture makers' delegation that called on him he

Published 01 Jan, 2020 12:00am

Energy

SNGPL restores gas supply to industry

Sui Northern Gas Pipe Lines Limited (SNGPL) on Tuesday restored the gas supply to the general industry despite severe winter. According to the spokesperson of SNGPL the company had successfully mitigated the gas crisis. Currently, domestic sector consumpt

Published 01 Jan, 2020 12:00am

Smart Integrated City Control Centre Nankana Sahib: Punjab government approves supplementary grant

The Punjab government on Tuesday approved the supplementary grant for the Smart Integrated City Control Centre for district Nanakana Sahib besides lifting ban on hiring the technical cadre officials in special branch.

Published 01 Jan, 2020 12:00am

Money & Banking

Fatima Group signs MoU with Telenor Microfinance Bank

Fatima Group signed a strategic MoU with Telenor Microfinance Bank to promote financial inclusion amongst local farmers in Pakistan. The MoU was recently signed between Ali Mukhtar, Director at Fatima Group and Khurram Malik, Head of Easypaisa at Telenor

Published 01 Jan, 2020 12:00am

Articles

Partly Facetious: There are narrative proverbs...

"Literature is lacking in proverbs on narrative."

Published 01 Jan, 2020 12:00am

Taxes

POS system applicable to all big retail outlets: FBR

The Federal Board of Revenue (FBR) has clarified that Point of Sale (POS) system is applicable to all the big retail outlets of big cities including Islamabad, Lahore and Karachi. The FBR in its clarification has stated that POS system is applicable to al

Published 01 Jan, 2020 12:00am

Special PIA flight to bring back 113 illegal immigrants from Malaysia

A special flight of Pakistan International Airlines (PIA) will bring back 113 illegal Pakistani immigrants from Malaysia as part of the country's voluntary repatriation amnesty scheme. Foreign Office said in a statement that on the directives of the gover

Published 01 Jan, 2020 12:00am

Senate, NA to meet today

After an unprecedented hiatus of almost four months, the Senate would meet in its regular session today (Wednesday) as President Arif Alvi on Tuesday summoned the Upper House of the Parliament's meeting. The President has also summoned National Assembly's

Published 01 Jan, 2020 12:00am

Taiwan passes law against China influence ahead of vote

Taiwan passed a controversial bill Tuesday aimed at countering China's influence on the self-ruled island, less than two weeks before it goes to the polls to elect a new president. The "anti-infiltration bill" pushed by President Tsai Ing-wen's Beijing-sc

Published 01 Jan, 2020 12:00am

German opera great Harry Kupfer dies

One of the world's most celebrated opera directors, Germany's Harry Kupfer, has died at the age of 84 in Berlin, his agency confirmed on Tuesday. In a career spanning 44 years, Kupfer worked at opera houses across Germany and was chief director of Berlin'

Published 01 Jan, 2020 12:00am

Bangladesh shuts mobile network along India border

Bangladesh has cut services to millions of mobile phones along its border with India for "security" reasons amid fears a new citizenship law passed by its giant neighbour could prompt an influx of migrants.

Published 01 Jan, 2020 12:00am

Arab League opposes 'interference in Libya' after Turkey accords

The Arab League called Tuesday for efforts to "prevent foreign interference" in Libya in the wake of military and maritime agreements signed by Turkey with the UN-recognised government in Tripoli.

Published 01 Jan, 2020 12:00am

Microsoft seizes web domains used by North Korean hackers

Microsoft said Monday it obtained a court order allowing it to seize web domains used by North Korean hacking groups to launch cyberattacks on human rights activists, researchers and others.

Published 01 Jan, 2020 12:00am

'Blade Runner' artist Syd Mead dies

Syd Mead, the visual artist behind "Blade Runner" credited with shaping the sci-fi landscape with his futuristic movie designs, has died in California aged 86.

Published 01 Jan, 2020 12:00am

North Korea's Kim calls for 'military countermeasures'

North Korean leader Kim Jong Un has called for "diplomatic and military countermeasures", state media said Tuesday, ahead of a year-end deadline for Washington to change its stance on stalled nuclear talks with Pyongyang.

Published 01 Jan, 2020 12:00am

Syria death toll for 2019 lowest in civil war: monitor

Syria's nearly nine-year-old conflict which has cost more than 370,000 lives recorded its lowest annual death toll in 2019, a war monitor said Tuesday. A total of 11,215 fighters and civilians were killed in the past year, the Syrian Observatory for Human

Published 01 Jan, 2020 12:00am

Smoky Sydney kicks off New Year parties with fireworks

Smoke-choked Sydney ushered in the New Year with a huge fireworks display, kicking off celebrations for billions around the world and ringing in the new decade.

Published 01 Jan, 2020 12:00am

Prince William unveils prize for climate innovation

Prince William on Tuesday announced what was described as "the most prestigious environment prize in history" to encourage new solutions to tackling climate change.

Published 01 Jan, 2020 12:00am

Trump expects Iraq to 'use its forces' to protect US embassy in Baghdad

President Donald Trump said Tuesday he expects Iraq to "use its forces" to protect the US embassy in Baghdad as he blamed Iran for orchestrating an "attack" that breached the wall of the compound.

Published 01 Jan, 2020 12:00am

PMEX daily trading report

On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,437. The traded value of Metals, Energy and COTS/FX was recorded at PKR 2.994 billion and the number of lots traded was 3,904.

Published 01 Jan, 2020 12:00am

Energy

US natural gas futures fall on warmer weather

US natural gas futures slid 2% on Monday as forecasts kept calling for mild temperatures that will dent heating demand. On its first day as the front month, gas futures for February delivery on the New York Mercantile Exchange were down 4.5 cents, or 2%,

Published 01 Jan, 2020 12:00am

Commodities

CBOT corn futures fall

Chicago Board of Trade corn futures ended lower on profit-taking on Monday after rising to a two-month high, traders said. Most-active corn futures touched their highest price since Oct. 22 before pulling back. Traders are hoping Washington and Beijing wi

Published 01 Jan, 2020 12:00am

Activities of Karachi Port

The Karachi Port handled 73,017 tonnes of cargo comprising 46,951 tonnes of import cargo and 26,066 tonnes of export cargo including 3,098 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday.

Published 01 Jan, 2020 12:00am

Commodities

EU wheat little changed after six-month high

Euronext wheat ended little changed on Monday, consolidating after an earlier six-month high as a rally fuelled by export prospects ran into technical resistance. March milling wheat, the most active contract on the Paris-based exchange, settled unchanged

Published 01 Jan, 2020 12:00am

Commodities

Ivory Coast cocoa crop boosted by mild Harmattan

There was no rain last week in most of Ivory Coast's cocoa-growing regions, but late and mild Harmattan winds this year have boosted expectations of strong harvests during the first two months of 2020, farmers said on Monday. Ivory Coast, the world's top

Published 01 Jan, 2020 12:00am

Energy

Asia's naphtha dives to 1-1/2-week low

Asia's naphtha crack slumped 14.5% to a one-and-a-half week low of $83.90 a tonne on Monday, dragged down by muted trades amid the year-end holidays and the recent dreadful petrochemical margins. Although premiums for Indian cargoes scheduled for January

Published 01 Jan, 2020 12:00am

Commodities

Russian wheat rises for seventh week as global benchmarks gain

Export prices for Russian wheat rose for a seventh straight week last week due to higher benchmarks in Chicago and Paris, a stronger rouble and concerns about the 2020 Black Sea crop, analysts said. Russian wheat with 12.5% protein content loading from Bl

Published 01 Jan, 2020 12:00am

Cotton & Textile

Cotton market ends 2019 on steady tone

Cotton market closed the final session of 2019 on happy note due to renewed buying by mills, dealers said on Tuesday. The official spot rate was unchanged Rs 8900, they added. In ready session, 3600 bales changed hands between Rs 8000-9100, they said.

Published 01 Jan, 2020 12:00am

Commodities

China's iron ore flat in sluggish year-end holiday trade

Benchmark Dalian iron ore futures pulled back from a two-week high to finish flat after sluggish trade on Monday as the year-end holiday season prompted market participants to remain on the sidelines. The Dalian Commodity Exchange's most-traded iron ore c

Published 01 Jan, 2020 12:00am

Money & Banking

Mexican peso rises, to end year up 4 percent

Mexico's peso firmed in its last trading day for the year on Tuesday as increasing investor confidence about global growth prospects and significantly better US-China trade relations sent the dollar to six-month lows on fading safe-haven buying. An index

Published 01 Jan, 2020 12:00am

Money & Banking

Dollar dips against yen in Asia

The dollar dipped to a near three-week low against the yen in thin year-end volume on Tuesday as investors favoured riskier assets, led by renewed optimism about global growth. The greenback was off 0.2% at 108.64 against the Japanese yen, the weakest sin

Published 01 Jan, 2020 12:00am

Money & Banking

Euro gains, sterling shines in Europe

The euro, the pound and a clutch of trade-sensitive currencies rallied as the dollar slid to a six-month low on Tuesday, with investors confident that global growth prospects are improving and US-China trade relations significantly better. After staying s

Published 01 Jan, 2020 12:00am

Money & Banking

Asian forex: Most units set to end 2019 on firm note

Most Asian currencies were set to end the year on a firm note, with the Taiwan dollar leading gains on Tuesday, as investors cheered fresh developments on the Sino-US trade deal front and upbeat factory activity data from China. The White House's trade ad

Published 01 Jan, 2020 12:00am

Money & Banking

Dollar falls in thin trade in New York

Thin end-of-year volume on Monday exacerbated weakness in the US dollar, which dipped for its third straight session as investors favored riskier assets. The dollar index, which measures the currency against a basket of rivals, weakened 0.18% to 96.743 in

Published 01 Jan, 2020 12:00am

Money & Banking

Dollar share of global currency reserves highest for a year in Q3: IMF

The dollar's share of currency reserves reported to the International Monetary Fund rose in the third quarter to its highest level in a year, while the yen's share of reserves grew to the largest in two decades, IMF data showed.

Published 01 Jan, 2020 12:00am

Money & Banking

Aussie, kiwi see out lethargic 2019 with late comeback

The Australian and New Zealand dollars hit five-month highs on Tuesday, looking to end a lacklustre year on a brighter note as the stars align for a stronger world economy in 2020. The Aussie stood at $0.7005, almost back to where it began the year. That

Published 01 Jan, 2020 12:00am

Other

Sharapova accepts Brisbane wildcard

Former world number one Maria Sharapova said Tuesday she still had "a lot of fire" as she attempts to resurrect her career after an injury-plagued 2019. The five-time major winner will open her 2020 campaign in Brisbane after being awarded a wildcard by o

Published 01 Jan, 2020 12:00am

Cricket

Pakistan women's cricket in 2019 continues to evolve

Women's cricket in Pakistan continued to evolve in 2019, as the women's team reached new heights and the Pakistan Cricket Board (PCB) undertook major initiatives to promote the game amongst young potential cricketers.

Published 01 Jan, 2020 12:00am

Football

Benfica sign Dortmund midfielder Weigl

Borussia Dortmund and Germany midfielder Julian Weigl will join Portuguese champions Benfica in the January transfer window, the Bundesliga club said on Tuesday.

Published 01 Jan, 2020 12:00am

Cricket

British PM Major skipped 1996 Olympics to watch cricket

British prime minister John Major dodged going to the Atlanta 1996 Olympics to stay in London and watch cricket instead, newly declassified files showed Tuesday.

Published 01 Jan, 2020 12:00am

Cricket

England ready to support scrapping five-day Tests

Five-day Test matches could become a thing of the past from 2023 after England supported calls to cut them by a day, according to Tuesday's Daily Telegraph. A spokesperson for the England and Wales Cricket Board (ECB) told the British newspaper that four-

Published 01 Jan, 2020 12:00am

Other

WADA better positioned to wipe out drug cheats, says chief

Outgoing WADA President Craig Reedie says the Russian doping scandal shows that clean sport is under attack, but the anti-doping organization now has the tools to better weed out drug cheats.

Published 01 Jan, 2020 12:00am

Cricket

Year 2019: a prolific time for Babar Azam

The year 2019 was a prolific one for batting sensation Babar Azam, as he stamped his authority on the international circuit across the three formats with some scintillating display of stroke-play that left the fans in awe across the cricketing world.

Published 01 Jan, 2020 12:00am

Other

Three matches decided in Diamond Paints Polo Cup

Diamond Paints, FG Polo Team and AOS Polo Team won the opening day matches of the Diamond Paints Polo Cup for the Champions Trophy 2020 played here at the Lahore Polo Club ground on Tuesday.

Published 01 Jan, 2020 12:00am

Cricket

Objectives successfully met, will bring reliability: PCB

Year 2019 will be remembered as a landmark year in Pakistan's cricketing history, as it ended with the country taking a major stride in ensuring full resumption of international cricket in Pakistan as Sri Lanka played two Tests in Rawalpindi and Karachi i

Published 01 Jan, 2020 12:00am

Telecommunication

India to let Huawei take part in 5G trials

New Delhi has said it will let Chinese telecoms giant Huawei take part in trials for the rollout of 5G services in the huge Indian market, giving the firm a major boost as it battles US sanctions.

Published 01 Jan, 2020 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	158.33
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
India Sensex / Apr 26	73730.16
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Hang Seng / Apr 26	17651.15
FTSE 100 / Apr 26	8139.83
Dow Jones / Apr 26	38239.66
Germany DAX 30 / Apr 26	18161.01

Item	Value
Crude Oil USD/Barrel / Apr 26	83.85
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 26	210048
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 27	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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